# IPS Cranes to acquire American & Ohio Locomotive Crane Co.

IPS Cranes has agreed to acquire American & Ohio Locomotive Crane Co. (AOLCrane), creating a broader range of crane manufacturing and services.

- Type: Acquisition
- Announced: 2017-06-07
- Where: United States
- Status: announced
- Products: locomotive cranes, crane services
- Sectors: [Material Handling](https://endata.com/sectors/material-handling.md)

## Companies

- [IPS Cranes](https://endata.com/companies/24744.md) (acquirer)
- [American & Ohio Locomotive Crane Co.](https://endata.com/companies/24745.md) (target)

## Sources

- [ritd-llc.com](https://www.ritd-llc.com/industry-news/rail-supplier-news-from-ips-cranes-cakeboxx-siemens-ge-and-ratp-june-7), 2017-06-07: "The merger will create the 'broadest and deepest range of crane manufacturing, services and resources,' said IPS Cranes President and Chief Executive Officer Jackie O'Connell in a press release."
- [ritd-llc.com](https://www.ritd-llc.com/industry-news/ips-cranes-to-acquire-american-ohio-locomotive-crane-co), 2017-06-13: "IPS CRANES says the acquisition will provide customers with a greater range of services that will give it the ability to sustain and maintain its fleet of American Hoist and Ohio Locomotive Cranes and American Hoist Crawler Cranes."
- [ritd-llc.com](https://www.ritd-llc.com/industry-news/ips-cranes-to-acquire-american-ohio-locomotive-crane-co-1), 2017-06-13: "We are extremely excited for this acquisition as it allows us to create the industry's broadest and deepest range of crane manufacturing, services and resources."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.